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Bulgaria - Hazelnuts - Market Analysis, Forecast, Size, Trends and Insights
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Bulgaria: Hazelnut Market Overview 2021

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Hazelnut Market Size in Bulgaria

After two years of growth, the Bulgarian hazelnut market decreased by -X% to $X in 2019. Over the period under review, consumption, however, showed a significant increase. The pace of growth appeared the most rapid in 2012 when the market value increased by X% against the previous year. Hazelnut consumption peaked at $X in 2018, and then reduced notably in the following year.

Hazelnut Production in Bulgaria

In value terms, hazelnut production fell sharply to $X in 2019 estimated in export prices. In general, production showed a significant increase. The pace of growth was the most pronounced in 2012 when the production volume increased by X% y-o-y. Hazelnut production peaked at $X in 2018, and then fell sharply in the following year.

In 2019, the average yield of hazelnuts in Bulgaria rose slightly to X kg per ha, with an increase of X% on 2018. Overall, the yield showed a significant increase. The growth pace was the most rapid in 2012 with an increase of X% year-to-year. The hazelnut yield peaked at X kg per ha in 2015; however, from 2016 to 2019, the yield failed to regain the momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The hazelnut harvested area in Bulgaria totaled X ha in 2019, flattening at the previous year. Overall, the total harvested area indicated a mild increase from 2007 to 2019: its figure increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, hazelnut harvested area increased by +X% against 2012 indices. The growth pace was the most rapid in 2013 when the harvested area increased by X% year-to-year. Over the period under review, the harvested area dedicated to hazelnut production reached the peak figure in 2019 and is likely to continue growth in the near future.

Hazelnut Exports

Exports from Bulgaria

In 2019, approx. X tonnes of hazelnuts were exported from Bulgaria; approximately reflecting the previous year. Over the period under review, exports recorded a relatively flat trend pattern. Exports peaked in 2019 and are expected to retain growth in the near future.

In value terms, hazelnut exports amounted to $X in 2019. In general, exports continue to indicate a relatively flat trend pattern. Over the period under review, exports reached the peak figure in 2019 and are likely to see gradual growth in the immediate term.

Exports by Country

France (X tonnes), Romania (X tonnes) and Italy (X tonnes) were the main destinations of hazelnut exports from Bulgaria, together accounting for X% of total exports.

From 2007 to 2019, the biggest increases were in France, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hazelnut exported from Bulgaria were Romania ($X), Italy ($X) and France ($X), together accounting for X% of total exports.

Romania saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average hazelnut export price amounted to $X per tonne, approximately equating the previous year. In general, the export price saw a relatively flat trend pattern. Over the period under review, average export prices attained the peak figure in 2019 and is expected to retain growth in the near future.

Prices varied noticeably by the country of destination; the country with the highest price was Italy ($X per tonne), while the average price for exports to France ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to France, while the prices for the other major destinations experienced more modest paces of growth.

Hazelnut Imports

Imports into Bulgaria

In 2019, hazelnut imports into Bulgaria amounted to X kg, approximately equating 2018. In general, imports faced a dramatic decrease. Imports peaked at X kg in 2017; however, from 2018 to 2019, imports failed to regain the momentum.

In value terms, hazelnut imports amounted to $X in 2019. Over the period under review, imports saw a significant increase. Imports peaked in 2019 and are likely to continue growth in the near future.

Imports by Country

In 2019, Greece (X kg) was the main hazelnut supplier to Bulgaria, with a approx. X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of volume from Greece stood at +X%.

In value terms, Greece ($X) constituted the largest supplier of hazelnut to Bulgaria.

From 2007 to 2019, the average annual rate of growth in terms of value from Greece amounted to +X%.

Import Prices by Country

In 2019, the average hazelnut import price amounted to $X per tonne, remaining constant against the previous year. Over the period under review, the import price showed a significant expansion. The import price peaked in 2019 and is expected to retain growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for Greece.

From 2007 to 2019, the rate of growth in terms of prices for Greece amounted to -X% per year.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hazelnuts in the world?
+
Turkey (513K tonnes) remains the largest hazelnut consuming country worldwide, comprising approx. 60% of total volume. Moreover, hazelnut consumption in Turkey exceeded the figures recorded by the second-largest consumer, Italy (137K tonnes), fourfold. The third position in this ranking was occupied by Azerbaijan (50K tonnes), with a 5.9% share.
What are the largest producers of hazelnuts in the world?
+
Turkey (514K tonnes) constituted the country with the largest volume of hazelnut production, comprising approx. 59% of total volume. Moreover, hazelnut production in Turkey exceeded the figures recorded by the second-largest producer, Italy (133K tonnes), fourfold. The third position in this ranking was occupied by Azerbaijan (50K tonnes), with a 5.8% share.
What are the leading suppliers of hazelnuts to Bulgaria?
+
In value terms, Greece ($3.9K) constituted the largest supplier of hazelnut to Bulgaria.
What are the leading importers of hazelnuts from Bulgaria?
+
In value terms, Romania ($46K), Italy ($45K) and France ($17K) were the largest markets for hazelnut exported from Bulgaria worldwide, with a combined 100% share of total exports.
What is the average export price for hazelnuts in Bulgaria?
+
In 2019, the average hazelnut export price amounted to $2,083 per tonne, standing approx. at the previous year.
What is the average import price for hazelnuts in Bulgaria?
+
The average hazelnut import price stood at $7,790 per tonne in 2019, therefore, remained relatively stable against the previous year.

Product coverage:
• FCL 225 - Hazelnuts (Filberts)

This report provides an in-depth analysis of the hazelnut market in Bulgaria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Bulgaria

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Bulgaria
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2019
Figure 22:
Production, In Value Terms, 2007–2019
Figure 23:
Area Harvested, 2007–2019
Figure 24:
Yield, 2007–2019
Figure 25:
Imports, In Physical Terms, 2007–2019
Figure 26:
Imports, In Value Terms, 2007–2019
Figure 27:
Imports, In Physical Terms, By Country, 2019
Figure 28:
Imports, In Physical Terms, By Country, 2007–2019
Figure 29:
Imports, In Value Terms, By Country, 2007–2019
Figure 30:
Import Prices, By Country Of Origin, 2007–2019
Figure 31:
Exports, In Physical Terms, 2007–2019
Figure 32:
Exports, In Value Terms, 2007–2019
Figure 33:
Exports, In Physical Terms, By Country, 2019
Figure 34:
Exports, In Physical Terms, By Country, 2007–2019
Figure 35:
Exports, In Value Terms, By Country, 2007–2019
Figure 36:
Export Prices, By Country Of Destination, 2007–2019

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